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"id": 1373640,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1373640/?format=api",
"text_counter": 147,
"type": "speech",
"speaker_name": "Kathiani, WDM",
"speaker_title": "Hon. Robert Mbui",
"speaker": null,
"content": "The other issue is the repayment period. The law here does not talk about the repayment period. When we are making regulations, if this passes, let us be careful to indicate the repayment period. You cannot leave it open-ended. I have noticed that there are three categories of houses and they talk about the earnings of people. They are saying that for you to acquire this, you must afford one-third of your salary. Some people named here earn salaries less than Ksh20,000. A person earning Ksh15,000 would pay Ksh5,000 per month. A house of Ksh3.5 million would take them 58 years to pay. What repayment period is that? Is that even heavenly possible? Who can start working and pay for a house for 58 years? The repayment period must be thought through, discussed and put in the regulations so that we address it."
}